During the current year, XYZ Corporation purchased land for $5,000 and sold a piece of factory machinery with a book value of $15,000 for $12,000 cash.What is XYZ's net cash flows provided by investing activities for the year?
A)($7,000)
B)($10,000)
C)$7,000
D)$10,000

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The Answer of During the current year, XYZ Corporation purchased land for $5,000 and sold a piece of factory machinery with a book value of $15,000 for $12,000 cash.What is XYZ's net cash flows provided by investing activities for the year?
A)($7,000)
B)($10,000)
C)$7,000
D)$10,000

During the Current Year, XYZ Corporation Purchased Land for $5,000